Business Context and Reporting Period
This Form 8-K was filed by SYNNEX Corporation on February 22, 2012. The report addresses corporate governance changes, specifically the appointment of new members to the Board of Directors.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel appointments and does not contain financial performance data.
Material Changes
The material change reported is the expansion of the Board of Directors. On February 22, 2012, the company appointed three new directors:
- Hau Lee: Appointed to the Board and the Audit Committee.
- Thomas Wurster: Appointed to the Board and the Compensation Committee.
- Dennis Polk: Appointed to the Board. As he also serves as Chief Operating Officer, he receives no additional compensation for his board service.
Messrs. Lee and Wurster will receive compensation consistent with current non-employee director rates as described in the 2012 proxy statement.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary on financial performance, risks, contingencies, or unusual items.
Investor Verification Checklist
- Verify the full text of the press release attached as Exhibit 99.1 for additional context on the new directors' backgrounds.
- Review the 2012 Annual Meeting proxy statement to confirm the specific compensation structure for non-employee directors.
- Confirm the effective date of the new directors' committee assignments.